Afrinvest Stock Recommendation for the Week - 270818

·The domestic bourse closed in the green
last week as bargain hunting in DANGCEM
drove the All Share Index (ASI) 0.5% higher to 35,426.21 points
while YTD loss stood at -7.4%.

·Across sectors, performance was mixed
although skewed to the negative as 3 of 5 indices we track closed in the red.
The Banking, Consumer Goods and Oil & Gas indices shed 3.0%, 2.2% and 0.2%
respectively while the Industrial Goods and Insurance indices closed positive,
up 2.0% and 0.8% respectively W-O-W.

·The best performers for the week were AIRSERVICE (+19.1%), SKYE (+18.8%) and FCMB (+7.6%) while UNIONDAC (-10.3%), UPL (-10.0%) and LIVESTOCK (-9.8%) led
laggards.